The U.S. Virgin Islands federal government submitted a lawsuit Tuesday towards JPMorgan Chase, alleging that the Wall Road lender benefited monetarily from Jeffrey Epstein’s sexual intercourse trafficking procedure and failed in its responsibility to report suspicious financial action.
“Over extra than a ten years, JPMorgan
(JPM) evidently understood it was not complying with federal rules in regard to Epstein-associated accounts as evidenced by its way too-little as well-late efforts after Epstein was arrested on federal sexual intercourse trafficking costs and shortly just after his dying, when JPMorgan
(JPM) belatedly complied with federal regulation,” states the criticism submitted by US Virgin Islands Lawyer Normal Denise George.
“Human trafficking was the principal enterprise of the accounts Epstein taken care of at JPMorgan,” the lawsuit states.
The lawsuit statements that JPMorgan Chase failed to make good regulatory filings that could have tipped off the government to Epstein’s alleged intercourse-trafficking ring of underage ladies as a result of non-public islands he owned in the U.S. Virgin Islands. In distinct, the govt argues that JPMorgan Chase should really have offered Epstein closer scrutiny as a customer right after he entered a guilty plea to soliciting prostitution with a insignificant in Florida in 2008.
A JPMorgan Chase spokesperson explained to CNN the corporation experienced no remark on the lawsuit Wednesday evening.
The lawsuit comes a thirty day period immediately after two nameless women of all ages who accuse the late Jeffrey Epstein of sexual abuse filed civil lawsuits versus JPMorgan and Deutsche Financial institution, professing the big banking companies enabled and benefited economically from Epstein’s alleged intercourse trafficking operation.
The females accuse JPMorgan of acquiring “provided unique treatment method to the intercourse-trafficking venture, therefore making certain its ongoing procedure and sexual abuse and intercourse-trafficking of young gals and ladies.”
“Without the economical institution’s participation, Epstein’s sex trafficking plan could not have existed,” the lawsuit states.
The new lawsuit also will come a lot less than a thirty day period immediately after Legal professional General George settled the U.S. Virgin Islands’ lawsuit from Epstein’s estate for more than $105 million dollars, alongside with an settlement that the estate will provide Epstein’s islands in the territory and close business enterprise functions there.
Epstein was found dead in his jail mobile in 2019. A health care examiner dominated his dying a suicide.
When he died, Epstein was awaiting trial on federal costs accusing him of operating a sex trafficking ring from 2002 to 2005 at his Manhattan mansion and his Palm Seaside estate, and allegedly paying out women as younger as 14 for intercourse.